The Comprehensive Economic and Trade Agreement (CETA) is now in the process of being ratified by Canada and the European Union (EU). Following the same logic as TTIP, CETA aims at much more than fully opening the European market for Canadian goods and services and vice versa.
This working paper, edited by Jeronim Capaldo, Coordinator of the Modeling Policy Reform Program, who has been our guest at the event “CETA, TTIP: two sides of the same coin?” in the European Parliament, provides alternative projections of CETA’s impact on economy. By using the United Nations Global Policy Model (GPM), the authors, Pierre Kohler and Servaas Storm, find that CETA will cause unemployment, inequality, welfare losses and a reduction of intra-EU trade.
This study is available in English and French at the following link: http://www.ase.tufts.edu/gdae/policy_research/ceta_simulations.html